Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3535 Grandview Parkway Birmingham, AL 35243

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $21 SF/Yr

    Prime commercial space with modern design and convenient location.

    Type:Office
    Added:
    Nov 21, 2025
    Days on Market:
    132
    Last Refresh:
    Mar 30 at 8:44 pm

    Property Features for 3535 Grandview Parkway

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 3535 Grandview Parkway Contact us

    We can help!

    Listing Contact
    Jerry Grant, CCIM

    Listing agent Jerry Grant, CCIM License #AL 000080935

    Listing office

    Listing date Nov 21, 2025

    Source Grahamcompany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Jerry Grant, CCIM

    Overview

    Modern Office Space For Lease

    This modern commercial space is available for lease and features contemporary design, flexible floor plans, and upscale finishes. Ample on-site parking and state-of-the-art security features are included. The property is conveniently located near major transportation hubs. Professional landscaping enhances the property's appeal. Customizable spaces are available. The property is situated in Birmingham's bustling Grandview District, offering a vibrant mix of amenities and attractions. Dining options such as Pappadeaux Seafood, Perry's Steakhouse, Flemings Steakhouse, Seasons 52, and PF Chang's are within close proximity. The location also provides easy access to upscale shopping at The Summit, an outdoor shopping center featuring an impressive selection of retailers. Nearby lodging options and entertainment venues make this area an attractive choice for businesses looking to provide a compelling experience for employees and clients alike. This property is ideal for businesses seeking a prestigious address in Birmingham.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alabama Neurological Surgery ... Physician Lawyers Title Title Company Robert D. Robinson, ... Physician Insurance Office of America Insurance Agency Blake E. Pearson ... Physician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7221
    Latitude
    33.4391

    Nearby Similar for Lease

    • Contact for pricing

      Functional Office Space in Birmingham

      Move-in ready office space with balanced layout in Birmingham, AL.
      200 Cahaba Park Cir unit: 3228, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Office Suite in Birmingham, AL

      Well-designed office suite suitable for small teams or independent users.
      200 Cahaba Park Cir unit: 2228, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Office Suite in Birmingham, AL

      Efficient office suite with reception and flexible workspace available for rent.
      200 Cahaba Park Cir unit: 2227, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Birmingham Office Space For Rent

      Functional office layout suitable for growing businesses.
      200 Cahaba Park Cir unit: 2250, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Functional Office Suite in Birmingham

      Office suite with open work area and support spaces.
      200 Cahaba Park Cir unit: 2100, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Spacious Office Suite in Birmingham

      Large office suite with open and private spaces available for lease.
      200 Cahaba Park Cir unit: 2125, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Office Suite in Birmingham, AL

      Efficient office suite with adaptable layout for professional users.
      200 Cahaba Park Cir unit: 2210, Birmingham, AL 35242
      View Details
    • $27/mo

      Retail/Office Building on Highway 280

      Two-story building with retail or office use on Highway 280.
      5235 Highway 280, Birmingham, AL 35242
      View Details
    • $21/mo

      Birmingham Office Building with Skyline View

      Four-story office building in Southside/Medical Center district with on-site parking.
      2100 16th Avenue South , Birmingham, AL 35205
      View Details
    • Contact for pricing

      Avondale Flex Space For Lease

      Newly renovated flex space in Avondale, near downtown Birmingham.
      4720 1st Avenue North, Birmingham, AL 35222
      View Details
    • $18/mo

      Office Space with Exposed Brick

      Office spaces featuring exposed brick, high ceilings, and natural light.
      300 Richard Arrington Jr Boulevard North, Birmingham, AL 35203
      View Details
    • $26/mo

      Restaurant and Retail Space Available

      Upscale mixed-use development in downtown Birmingham with retail and restaurant space.
      2000 2nd Avenue South, Birmingham, AL 35203
      View Details

    FAQs

    What type of property is this?
    Office units - Prime commercial space with modern design and convenient location.
    Where is this office units located?
    The property is located at 3535 Grandview Parkway Birmingham, AL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Convenient location near major transportation hubs in Birmingham's Grandview District.; Customizable spaces with flexible floor plans.; Ample on‑site parking.
    (205) 871-7100
    We can help!
    Listing Contact
    Jerry Grant, CCIM
    Real Estate License ID: AL 000080935
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!